Chinese Vice Premier Liu He and U.S. President Donald J. Trump are expected
to sign (WSJ) a “Phase One” trade deal today aimed at de-escalating two years of trade tensions that have shaken global commerce.
The text of the deal, set to be released today, is expected to include Chinese commitments to buy $200 billion worth of U.S. goods and services over two years, but also to preserve the
majority of the tariffs (NYT) that Trump has placed on $360 billion worth of Chinese goods. It reportedly includes measures on
intellectual property protection (SCMP) and gives Washington and Beijing the power to reimpose tariffs should the other party fall short of its commitments. Analysts have questioned whether China will be able to uphold the dramatic purchase increases pledged in the agreement.